FACTS ABOUT THE DEAL

Headquarters: Stuttgart, Germany, and Auburn Hills. Daimler-Benz AG's Juergen Schrempp and Chrysler Corp.'s Robert Eaton will be co-CEOs for three years, then Eaton will step down.

The numbers: The merger is valued at about $40 billion. When completed, annual sales will be around $130 billion, making the new company the No. 3 automaker in terms of sales, fifth largest in terms of vehicles manufactured.

Terms: New stock will be created. Daimler-Benz shareholders will receive one share in the new company for every share they own. Chrysler shareholders will receive 0.547 shares for each share. Daimler-Benz shareholders will control about 57 percent of the new company. The merger is expected to be complete in October.